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Yip and Spencer’s Art Law Article Appears in the Wall Street Journal

Art-Law associate Arabella J. Yip and Art Law Counsel Ronald D. Spencer wrote “Untouched by Nazi Hands, but Still…,” which was published in The Wall Street Journal on February 28, 2008. The article illustrates courts have invariably ordered the return of Nazi-looted art to the heirs of former Jewish owners. Until recently, “if museums and other owners of Holocaust art could show a credible chain of ownership, its title was presumed to be good and unassailable.” The “forced sale” issue adds a new spin to Holocaust-looted art cases and casts doubt on this long-held presumption. The rulings of federal courts in Massachusetts and New York will determine whether it will be rejected entirely.

CLM Client Defeats Challenge to Confession of JudgmentCarter Ledyard helped one of its merchant cash advance clients prevail in a litigation in which a merchant sought to vacate a judgment entered against it by our client based on an affidavit of confession of judgment.